Scalping Futures

Autodidact said:
Scalping futures successfully and consistently is one of the hardest most challenging goals out there in the world of trading.

Furthermore, comparing sim results to cash is akin to comparing masturbation with an orgy with Playboy bunnies.
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Well said.
 
All you folks suggesting "membership" are missing an important piece. Membership whether lease or buy, will affect your US taxes. In these cases, an additional 15.3% for self-employment, or FICA tax, on top of capital gains tax. Further, data costs will increase to the professional level in most cases. Also, an entity structure, with or without membership, may provide beneficial tax treatment and other benefits, which comes with its own set of ongoing operational and maintenance fees depending on your state and entity structure.

So while it is fact membership will save money on execution charges and fees, unless you do some big picture calculations based on your particular daily and annual trading metrics, membership may not be a wise choice. Just saying.
 
Ramses said:
hey there traders, this will be my first post on ET. I've been extremely successful scalping futures the past 9 months (Works 95% of the time, i know, hard to believe)
in SIM. Long story short, i got funded 6 figures to backtest my strategy on a real account the upcoming months. I make in average 5 ticks gain gains per trade on full sized contracts (CL, ES,TF, etc..) So here's my questions:

-Supposed i get $5-6 round trip commissions; what other fees Should i be aware of from a scalping point of view..? (I'll be daytrading if this help)

-Do brokers allow large order sizes when scalping? (Not that my orders are large just wondering if my strategy is scaleable from the retail point of view)

-Since i'll be making 100s of trades a day, How exactly would my tax process work?

-Due to the negative cognotations about scalping, what other variable should i be aware of before attempting this journey? (Hidden Fees, Brokers trying to screw me, etc)


Feel Free to share your insight! This forum ROCKS and Thanks in advance :)


-Ramses.
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Hello Ramses, how's your experience so far since then and this year 2024?
Did you use prop firms along your journey?

Thank you.
 
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